Wall Street Engaging in Crypto Business Operations (COIN, OWUV, APTY, AXXA)

 

Bitcoin is making headlines and waking up investors around the globe, including Wall Street. Aside from the investors, publicly traded companies are also shifting resources into blockchain, metaverse, NFTs and other cryptocurrency-related technologies.

Instead of investing in cryptocurrencies directly, many individuals and financial institutions prefer buying into the public and private companies that are making an impact in the crypto industry through business operations.

The reasons are mainly because the stock market is heavily regulated and certain people feel safer with their money in a bank or online stock brokerage. Here are some popular stocks right now with business operations engaged in cryptocurrency, NFTs and the metaverse.

Coinbase Global Inc. stock symbol – COIN

Coinbase is one of the leading coin exchanges, and the company trades publicly on the US stock exchange. Coinbase has been showing significant revenue growth over the years. Currently, their quarterly revenue is fluctuating between $1-2 billion – however, the company has very high-profit margins.

The company recently announced that they’re releasing their fourth quarter and 2021 full-year results soon, which is set to be published on February 24, 2022.

Coinbase Global, Inc. (NASDAQ: COIN) is definitely a growth stock to watch out for. They’re constantly adding new altcoins on their exchange and the platform is available in over 100 countries.

One World Universe Inc. stock symbol – OWUV

One World Universe is a publicly-traded company that invests in distressed assets and business opportunities within emerging industries. Toward the end of last year, the company took a major shift into the NFT space, metaverse and the cryptocurrency industry. One World Universe has already begun purchasing land in multiple metaverses including The Sandbox (SAND), Decentraland (MANA) and Upland.

The value and the price of land in popular metaverses are going up over 500% year over year. Additionally, OWUV is investing in and has also launched multiple lines of NFT collections. According to recent press releases, the company is using celebrity and athlete partnerships to help get the word out about their company projects and products.

One World Universe Inc. (OWUV) is another solid company to watch out for, especially if growth in the metaverse and NFTs continues.

APT Systems Inc. stock symbol – APTY

APT Systems is another publicly-traded company looking to make an impact in the crypto industry with its true stablecoin (SPERA). The stable coin is focused on security and protection inside an escrow platform called Verifundr. The escrow system eliminates risks in both real-world and crypto transactions, making SPERA ideal for transacting goods and services.

APT Systems Inc. (APTY) developed the escrow and payment system Verifundr, which could be a very big driver for the stock long-term. According to CoinMarketCap, there are over 17,000 tokens, and only around seven stable coins with significant volume and market cap.

As of now, there are not many true stablecoins to choose from that are fully backed with cash and gold, giving SPERA a competitive advantage.

Exxe Group Inc. stock symbol – AXXA

Exxe Group is another company that took a major shift into cryptocurrency, metaverse and the NFT industry. AXXA is introducing interactive digital multimedia event spaces for music, fashion, film and education. They are showcasing virtual fashion events along with producing fashion editorials, celebrity press and NFTs.

Exxe Group Inc. (AXXA) owns a crypto exchange service, 1Myle, which recently added 20 major coins and offers integrated payment processing fintech solutions for a broad base of physical and digital entertainment content, promotion events and products (NFTs), as well as digital marketing communities.

The two dozen altcoins that are now available for transacting include Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Polkadot (DOT), Solana (SOL), Tether (USDT), Dogecoin (DOGE), Shiba Inu (SHIB), Ripple (XRP), USD Coin (USDC) and Binance USD (BUSD).

The company has enjoyed substantial revenue growth in the current FY22 fiscal year, ending in March 2022. For the current year, Exxe Group is expecting a record revenue of $49-53 million with a net margin of 15-20%. The company is also targeting $100 million in annual revenue for the period ending March 2023.

Privately-held companies

Public companies all start out somewhere, and you can get better and more favorable terms when getting into a company at an earlier stage. Getting in early in a private company before they go public can be much more profitable long-term – however, it’s considered highly risky because many startups fail within a few years.

Nowadays, anyone can get into private companies through crowdfunding, regulation A+ and other ways of financing. In the old days, to participate in these types of pre-IPO deals, you had to be an accredited investor, venture capitalist, angel investor, investment bank, etc. Now, it’s more open to the public.

Many privately-held companies are silently growing under the radar because they’re not required to publicly post their financials. Coinbase started out as a private company, and as the app grew, it went public in 2021. There are plenty of new names making noise in the industry – OpenSea, Rarible, Binance, Bitplaza, and Bitpay, just to name a few.

Closing statement

The blockchain and cryptocurrency industry is evolving fast. There’s always something new popping up in the crypto world with endless possibilities. In the past year, there has been a lot of interest in NFTs and the metaverse. The crypto landscape is evolving faster than most of us can keep up with. It’s what truly makes cryptocurrency so exciting to watch, digest and explore.

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Baran Giresunluoglu is a professional stock trader and investor. He’s a big fan of the crypto industry and supporter of new technology in the space.

 

Featured Image: Shutterstock/Maciej Bledowski